QBTS in the macro resistance

Price managed to post the higher low from the mid-term support mentioned in the Jul update and rallied into the macro resistance target at 23–38, where I am watching for a potential macro top formation and uptrend reversal.

Chart (Daily):


Chart (Weekly):


As long as price holds above local support at 24–22/20, I remain on the lookout for one more push higher into the top of the macro resistance zone.

If price manages to sustain a breakout above 38, the door opens for a blow-off top toward 45 and even 59 macro resistance levels.

Previously:
• On mid-term support (Sep 5):
https://s3.tradingview.com/snapshots/n/N70K6ylJ.png
tradingview.com/symbols/NYSE-QBTS/minds/?mind=f1930zvnR1Wb4K59PX2_TQ
• On important resistance (Jul 22):
https://s3.tradingview.com/snapshots/h/HD5xzL6M.png
tradingview.com/symbols/NYSE-QBTS/minds/?mind=j5TYhjIPTM6zp1y3QFjdXw
• On upside potential (Jul 10): https://s3.tradingview.com/snapshots/g/GY2sHDFj.png
tradingview.com/symbols/NYSE-QBTS/minds/?mind=y3Dy3o4iSBWv64Sp3uNqag
• On macro trend (Jun 30): https://s3.tradingview.com/snapshots/e/eqXGIyXN.png
tradingview.com/symbols/NYSE-QBTS/minds/?mind=7K-ricLFQK6sUiD3Zuze_A